Member Info for NigelHaemoglobin

I don't know when SDX are intent on drilling this year but the rig found a large mud smoothie over in Guercif, according to MD Griffiths it will be 4-6 weeks before they start again.

That said they are almost always late...

Welcome Splice, maybe PRD can retain the rig, I have no idea and neither does anyone else including our great deity who has popped back on here.

Ford you simply do not get it: PI's shoulder most of the financial risk by supporting the SP, thus permitting more optimised placings.

What raving bilge Ford.

Well there is one attribute that top salesmen need, to be utterly shameless.

Go and have a look at yourself and your posts HRH, in what manner have you enabled PI's to save hard earned capital? I am open to straightforwards ie non-obfuscatory answers old chap...

Ford cash is the priority factor now that we are mired in mud, that and rig availability.

Afternoon Splice, difficult to call and for the sake of openness and honesty I cannot at this moment call a placing however, it took PRD five to six months from initiating well pad construction to the discovery of the mud vegan smoothie with tray baked pebbles.

All freely viewable on all rns sites.

SDX have drilling plans for 2023 and...have made the effort to acquire substantial 3D seismological reports. Here is an extract from a recent SDX rns.

"Following these successes, and the identification of further similar drillable prospects, the Company plans to expand its drilling operations in 2023. To date, over 70 prospects have been identified on the portion of Moroccan acreage that is covered by high-quality 3D seismic, of which 25 have been high-graded and total around 20 bcf P50 EUR unrisked".

For this reason I intend to wait patiently before actioning any more buys or sells in PRD as of 1500 today.

All very reasonable and logical kasjnaton, I just enjoy the challenge of trying to speculate, guesstimate if you prefer, the timeline of events and place my chips down on that basis. Not writing about PG in particular but I find psychometrics fascinating as they are a serious factor in how people make decisions. In that sense small cap E and P's interest me as virtually all directors have rejected the security of established companies and essentially headed off to explore the planet for themselves. Great fighting spirit actually!

Jolly good, what do you think PG's answers will be? I'm a speculator not a geologist or rig rat, earth sciences are a minority interest and quite honestly I find geology extremely tedious.

It is not necessary to be a rock doc or city suit to succeed as an investor, I prefer in general to evaluate the people running these outfits concurrent to applying my own basic risk modelling to operations.

Are starting to rave Bob? Deluding yourself that there is collusion between myself and others?

Barking...

Grh have you ever called a placing for PRD?

Kasjnaton do you know how long the RKH arbitration took? Now the Italian govt are fighting for an annulment.

Also, from the roast interview was it clear when Star will start charging? We need to see the contractual detail as a start point.

I agree with MeM and Charlotte that a placing is quite likely, sensible even. We have some very demanding issues at present having no other fully kitted out drill pad than MOU-2, of course we do not need complex logistics to return to MOU-1 for testing.

My best guess as an absolute non-geo is that the results from rigless testing of MOU-1 could lead to the evolution of a plan to change the location of MOU-2.

Either way surely we can agree that the timeline to trucked CNG from the presentation has now moved by months, to the right.

Keith if you are going to be a successful infant E and P investor you ought to be able to infer the answers to your first two questions all by yourself...

Why is, I would say, very salient information be released on Sunday via an obscure YT channel with under 60 subscribers? Maybe there is more intetest on The Twits: I have no idea.

So we are not on the hook for $100,000 per day at the moment but it is not clear when the drilling outfit will start charging, for how much and when demands to provide a service to SDX will arise.

Four to six weeks? Erm ok...

All very interesting but what is the cash burn for an inactive yet in-situ rig.

You have confused yourself C7, this is all about money as the founder of the McDonalds franchise discovered from a forensic accountant that his business was not burgers but a real estate entity...

Bob, your frog is being boiled again. How much per deum is the rig system.

It's still happening, puntgamblers frozen rigid with hope. Classic metaphorical simmering frogs!

If only some of you had Charlottes' nouse!

Spot on Charlotte, the only way that the pseudo religious true believers might mitigate further dilution would be an open offer. Unfortunately I am also quagmired with what PRD is left in my PF.

Well polemicised!

Androcles at this rate of downward financial progress you will lose your gadgets and resort to shouting at traffic from the middle of a roundabout haha! Why didn't you listen to Charlotte?